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Word: zhanrong (lookup in dictionary) (lookup stats)
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...obvious one recent Wednesday morning at a Wuling minivan dealership in Xi'an. Customers streamed into the showroom, briefly opened and closed the doors of the displayed minivans, and then marched over to the front desk to plop down their money, often within mere minutes of arriving. Xu Zhanrong, the dealership's deputy general manager, can barely keep the Wulings in stock. Sales of the minivans - manufactured by a joint venture between General Motors, Liuzhou Wuling Motors and Shanghai Automotive Industry - are up some 40% this year, Xu says, with about 50 purchased each day. One big reason, Xu explains...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...showroom, briefly open and close the doors to the displayed minivans, manufactured by a joint venture between General Motors and two Chinese carmakers, and then march over to the front desk to plop down their money. While salesmen in the U.S. struggle to move cars off their lots, Xu Zhanrong, the deputy general manager of the Xi'an dealership, can barely keep the Wulings in stock. Sales are up some 40% this year, Xu says, with about 50 customers a day driving off with new minivans. "From what I see, people are changing very dramatically," Xu says. "Before people thought...

Author: /time Magazine | Title: Will China's Consumers Save the World Economy? | 11/15/2009 | See Source »

...extend healthcare to 90% of the population. Along with these very long-term efforts to boost consumer confidence, the government has also implemented short-term measures to spur on spending. Car sales this year have been boosted by tax breaks and China's own "cash-for-clunkers" program. Xu Zhanrong's Wuling minivan sales have been helped along by a special 10% rebate offered on certain vehicles to residents of rural areas, who make up a majority of Xu's customers. (See TIME's photoessay "China Rebuilds.") (See TIME's photoessay "China's Electronic Waste Village...

Author: /time Magazine | Title: Will China's Consumers Save the World Economy? | 11/15/2009 | See Source »

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